Find short-term health insurance plans in MN
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Consider the following statistics about health care coverage in Minnesota:
Average individual ST Premium$81
Average Individual ST Deductible$3,445
Average Premium for Individual ACA plans bought on eHealth in 2017 $378
Average Deductible for Individual ACA plans in 2017 from eHealth customers $4,449
Although federal laws allow short term plans to last up to 36 months, many U.S. states chose to maintain or create their own rules regarding short term plans. Minnesota short term health plans follow more restrictive state laws instead of just federal laws. Short term coverage in Minnesota can only last 185 days, and are nonrenewable. After a short term plan expires, you can purchase and enroll in another short term health insurance plan in Minnesota, but Minnesota’s laws do not allow you to have over 12 months of short term coverage within 18 months.
At eHealth you can get quotes on Minnesota short term health insurance from insurers in Minnesota. Compare Minnesota short term health insurance plans and select the plan best suited for your health care needs. You can also use eHealth to compare and purchase other types of health insurance if you find that short term health insurance in Minnesota is not right for you.
A major appeal of short term health coverage is how affordable it is. The benefits covered by short terms plans are typically related to emergency care, meaning that these plans may work well for those who don’t require regular medical care, such as frequent visits to the doctor or expensive prescriptions. Although these plans do not have as many benefits as major medical health insurance, they provide some coverage that’s still affordable for many people.
Purchasing a short term health insurance plan in Minnesota may make you ineligible for any guaranteed issue individual health plans commonly referred to as HIPAA Plans, or a COBRA plan if you recently lost coverage from a group health plan.
Also keep in mind that short-term health plans typically do not cover pre-existing medical conditions or many benefits that more comprehensive plans do, such as the minimum essential benefits that are required for qualified health plans under the Affordable Care Act. Furthermore, short-term plans generally do not guarantee renewal, so any conditions that develop while you are on a short-term plan may prevent you from purchasing a new plan or may be excluded from your policy once you your purchase a new plan.
Due to those limitations, short term health insurance might not be for everyone. If you are seeking to save on health insurance costs in Minnesota and only need minimal coverage, short term can be a good option, but make sure to take the risks and your own health care needs into account when it comes to choosing your health insurance plan.